Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0762%/8h= −83.4% APRpaid last 24h −0.100%

Price spread now: QFEX against edgeX−0.141%57s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.141%, 7d avg −0.013%

Together, before fees−0.021%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and QFEX is 0.128% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.019% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITEUSDC	947.75	0.0762	pay 0.0381% / 4h	2h 04m	$62K	$470K	10x
Short	QFEX LITE-USD	946.42	0.0000	pay 0.0000% / 1h	4m 04s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee QFEXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$159.98
Price spread: −0.141% → −0.013%: −$12.81
Slippage, 4 orders: −$25.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$216.98
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from edgeX: live order book, 45 min ago; QFEX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 45 min ago	5.01 bp	12.8 bp −$13	15.7 bp −$157	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.74 bp	7.9 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit

LITE on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LITEUSDT	−0.0678%	8h	946.33	−0.150%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0072%	1h	941.39	−0.671%	$95K	$208K	10x	as long as short
BloFin LITE-USDT	−0.0025%	8h	947.21	−0.057%	$215K	$237K	20x	as long as short
QFEX LITE-USDshort	0.0000%	1h	946.42	−0.141%	$1.1M	$3.5M	10x
Aster LITEUSDT	0.0000%	8h	946.90	−0.090%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	946.39	−0.144%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	946.68	−0.114%	$12.1M	$49.0M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	946.40	−0.143%	$1.8M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	946.39	−0.144%	$3.6M	$18.2M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	947.02	−0.077%	$7.9M	$6.5M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LITE	0.0000%	8h	947.18	−0.060%	$260K	$154K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	947.54	−0.022%	$682	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	946.20	−0.164%	$806	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	946.41	−0.142%	$18K	$40K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	947.77	+0.002%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	946.94	−0.086%	$1.5M	$716K	10x	as long as short
Lighter LITE	+0.0032%	1h	946.22	−0.162%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	946.05	−0.180%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	946.78	−0.103%	$73K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	946.92	−0.088%	$33K	$343K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	946.23	−0.161%	$519K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	947.36	−0.041%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	946.77	−0.104%	$920	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	946.72	−0.109%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0170%	1h	946.34	−0.149%	$7.5M	$5.8M	10x	as long as short
SoDEX LITE-USD	+0.0210%	1h	946.32	−0.151%	$23K	$9K	10x	as long as short
edgeX LITEUSDClong	+0.0762%	4h	947.75	long leg	$62K	$470K	10x